After successful debenture issue of its equipment finance arm,SREI infra finance has come up with an issue of secured debentures worth Rs.706.63 Crores.
SREI Infra is BSE & NSE listed company providing financial products and consultancy towards infrastructure development,with particular focus on power,road,telecom,oil & gas,SEZ etc.
Imp dates:
1.Issue open date:January 30, 2017.
2.Issue close date:February 23, 2017.
Coupon rates for all types of investors:
# 8.50% p.a.for 400 days.
# 9.25% p.a. for 3 years.
# 9.50% p.a. for 5 years.
Additional benefit : 0.25% p.a. additional coupon for Senior citizens,existing NCD holders and share holders.
Interest payment options:
1.Monthly interest
2.Annual interest
3.Cumulative interest at maturity..
But note that for monthly interest option Demat mode is compulsory.
Credit Rating: BWR AA+ which indicates stable issue by Brickwork.
Allotment will be on first cum first served per day basis.
70% of issue size is reserved for individual and HUF investors.
